Home Depot's most recent trend suggests a bearish bias. One trading opportunity on Home Depot is a Bear Call Spread using a strike $196.50 short call and a strike $201.50 long call offers a potential 5.26% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $196.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $201.50 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Home Depot is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Home Depot is bearish.
The RSI indicator is at 24.37 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Home Depot
Tesla Take Private Deal Takes Backseat to 2 Fresh Overseas Crises: Week Ahead
Mon, 13 Aug 2018 07:41:00 +0000
The market rally will be tested this coming week. With Turkey's currency crisis in full swing, and concerns swirling about a Russian debt crisis, investors will have to weigh whether to push stocks beyond their late January highs. “The decline in the U.S. stock market was relatively subdued on Friday, but history tells us that when currency crises take place…and volatility picks up in the currency markets in a big way…it's only a matter of time before it spills over into the U.S. stock market,” says Miller Tabak strategist Matt Maley.
Economic Calendar – Top 5 Things To Watch This Week
Sun, 12 Aug 2018 13:46:00 +0000
Investing.com – Investors will stay focused on Turkey's deepening currency crisis and the fallout across global markets in week ahead to see if any more news materializes after Washington's latest sanctions on Ankara battered the lira and triggered a move out of riskier assets.
3 Things to Watch in the Stock Market This Week
Sun, 12 Aug 2018 12:18:00 +0000
NVIDIA is one of several big-name companies set to post earnings results over the next few days.
Cramer's game plan: Take time to study your stocks as earnings season fades
Fri, 10 Aug 2018 22:09:00 +0000
Jim Cramer recommends investors use next week's lack of earnings reports to do their homework and make informed decisions.
Should You Buy Home Depot (HD) Stock Ahead of Q2 Earnings?
Fri, 10 Aug 2018 16:47:04 +0000
Shares of Home Depot (HD) opened lower Friday just a few trading days before the home improvement retailer is set to release its second-quarter financial results. Home Depot stock has lagged the S&P 500 over the last six months, but the company's business remains strong. So let's take a look to see if investors should consider buying HD stock ahead of its Q2 earnings release.
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